The trial balance of Beta shows the following balances at 31 December...

The trial balance of Beta shows the following balances at 31 December 2023:
Dr Cr
$000 $000
Issued share capital (500,000 shares, $1 par value) 500
Share premium 20
Finance costs 70
Retained earnings 1 January 2023 124
Inventory (raw materials) at 1 January 2023 60
Revenue 1092
Purchases 590
Purchases returns 26
Sales returns 28
Carriage outwards 28
Work-in-progress at 1 January 2023 80
Intangible assets 190
Administrative wages 30
Warehouse plant and equipment – cost 92
Accumulated depreciation – 1 January 2023 50
Delivery vehicle hire 20
Distribution expenses 10
Administrative expenses 30
Directors’ salaries 30
Sales allowances 45
Investment income 61
Bank overdraft 40
Trade receivables 380
Cash at bank 110
Land 120
1913 1913
Additional information:
(1) Inventories at 1 January 2024 were valued at $10,000.
(2) Work-in-progress at 1 January 2024 was valued at $20,000
(3) Depreciation charges for the year amounting to $27,000 and $5,000 are to be included in distribution costs and administrative expenses, respectively.
(4) The income tax rate is 20%.
(5) Land was revalued at 31 December 2023 to $100,000. No entries have yet been made to record this.
(6) Insurance for delivery vehicles is to be accrued $1,000.
(7) Receivables totalling $30,000 are to be written off
(8) General reserve is to be created at $2,000
(9) Allowance for receivables should be created as 2% of net receivables
(10) Sale of plant (carrying value was $180,000) for $190,000 had been credited to sales
Required:
Prepare
(i) general journal for the transactions;
(ii) ledger accounts showing descriptions and balances;
(iii) a trial balance;
(iv) a statement of profit or loss and other comprehensive income for the year ended 31 December 2023,
(v) a statement of changes in equity for the year ended 31 December 2023,
(vi) a statement of financial position at that date